Skip to main content

Bank Law Monitor

A legal blog for the financial services industry

All Articles

CARES Act Amends Bankruptcy Code to Address COVID-19 Dislocation
Section 1113 of the CARES Act amends certain provisions of the Bankruptcy Code and will apply to the year following the date on which this new law goes into effect. These changes are primarily designed to benefit small businesses and individuals who...
Continue Reading >
Congress CARES: Federal Stimulus Package to Provide Emergency Relief to Borrowers and Financial Institutions
On Wednesday, March 25, 2020, the Senate unanimously passed a $2 trillion economic stimulus package. Called the Coronavirus Aid, Relief, and Economic Security (or CARES) Act, this unprecedented bill is expected to be passed by the House this Friday a...
Continue Reading >
CARES Act Expands Small Business Lending and Provides Potential Loan Forgiveness
In its current form, the CARES Act amends the Small Business Administration's (SBA) Section 7(a) loan program to encourage banks and credit unions to make small business loans under what is known as the “Paycheck Protection Program.” If passed, the A...
Continue Reading >
Banking Regulators Encourage Lenders to Work with Borrowers Impacted by COVID-19
Federal banking regulators took a bold, first step this past Sunday, announcing Interagency Guidance ("the Guidance") to encourage lenders to work with borrowers impacted by the COVID-19 outbreak.[1] The Guidance specifically permits lenders to enter...
Continue Reading >
Hemp-Banking Guidance Leaves a Lot of Questions
The financial services industry has been waiting with bated breath for guidance from its regulators on banking hemp and hemp-derivatives like CBD. On Tuesday, December 3, federal regulators issued a joint statement attempting to “provide clarity” on...
Continue Reading >
Bankers Beware—Trade Secret Misappropriation Can Lead to Lifetime Ban
Employees change jobs all the time. There is generally nothing wrong with an employee planning his or her next move while still employed. But when an employee’s plans include gathering up his or her employer’s trade secrets to use at a new place of e...
Continue Reading >

Blog Information

Editor

Contributors